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Fair Value (Tables) | 12 Months Ended
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Dec. 31, 2018
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | Summarized below are the liability (related to the parent company guarantees and bank and surety bonds) and asset (related to the cash collateral and guarantee provided by mutares AG) recorded at the time of sale, along with the change in the liability and the asset during 2018 and 2017.
|  | Twelve months ended
|  | December 31, 2018 |  | December 31, 2017
|  | Guarantees and Bonds Liability (1) |  | Indemnification Assets (1) |  | Guarantees and Bonds Liability (1) |  | Indemnification Assets (1)
Balance at beginning of year |  | $ | 8.7 |  |  | $ | 2.8 |  |  | $ | 9.9 |  |  | $ | 4.8 |
Reduction/Amortization for the period (2) |  | (4.1 | ) |  | (1.5 | ) |  | (2.5 | ) |  | (2.6 | )
Impact of changes in foreign currency rates |  | (0.2 | ) |  | (0.1 | ) |  | 1.3 |  |  | 0.6 |
Balance at end of period (3) |  | $ | 4.4 |  |  | $ | 1.2 |  |  | $ | 8.7 |  |  | $ | 2.8 |
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(1) | In connection with the sale, we estimated the fair value of the existing parent company guarantees and bank and surety bonds considering the probability of default by Balcke Dürr and an estimate of the amount we would be obligated to pay in the event of a default. Additionally, we estimated the fair value of the cash collateral provided by Balcke Dürr and the guarantee provided by mutares AG based on the terms and conditions and relative risk associated with each of these securities (unobservable inputs - Level 3).
(2) | We reduce the liability generally at the earlier of the completion of the related underlying project milestones or the expiration of the guarantees or bonds. We amortize the asset based on the expiration terms of each of the securities. We record the reduction of the liability and the amortization of the asset to “Other expense, net.”
(3) | Balance associated with the guarantees and bonds is reflected within “Other long-term liabilities,” while the balance associated with the indemnification assets is reflected within “Other assets.”

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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